The National Securities Commission (NSC) in Romania has approved the establishment of a Central Securities Depository (CSD). The decision was made public on Monday.
The CSD, to be known as Regisco, will be majority owned by the Bucharest Stock Exchange, with 51% of the voting rights.
The CSD will supervised by the NSC, together with the central bank, the National Bank of Romania.
“The first stage for the creation of the Romanian CSD is now completed,” says a spokswoman for ING in Bucharest. “Currently there will be no change in the settlement procedures or practice or accounts structure. No fee structure has been decided yet by the CSD.”